In December 2016, PT Monroe Consulting Group (MCG), a management and human resources consulting firm, filed a bankruptcy lawsuit against PT Bukit Uluwatu Villa Tbk (BUVA), a hospitality company listed in the IDX with its Alila brands. The petition was rejected by the Panel of Judges of the Commercial Court of the Central Jakarta District Court in February 2017. MCG filed a cassation, but unfortunately the Supreme Court also rejected the petition and upheld the decision of the Commercial Court. And so BUVA escaped bankruptcy. What is interesting about the lawsuit is the small amount of debt disputed (if compared to the Company’s value). But apart from the debt dispute, the Company’s shareholders are now facing tort lawsuits filed by one of their creditors.

Back in June 2017, the National Police’s Criminal Investigation Unit (Bareskrim) raided Pertamina’s headquarter in connection to allegation of misappropriation of the proceeds of the Company’s asset sales that occurred in 2011. Several days after, Bareskrim named one suspect but later on the suspect could not be found. On the first week of August 2017, Bareskrim named the suspect a fugitive. To this day, Pertamina is still under scrutiny. They are being investigated in at least four cases of alleged corruption by the Attorney General’s Office (AGO).

The Indonesian National Arbitration Board (BANI) is now divided into two: the BANI whose establishment was initiated by the Chamber of Commerce and Industry (KADIN) and established under the BANI Statute in 1977 (BANI Mampang), and the BANI whose formation was initiated by Anita Kolopaking et al and recognized by the Ministry Law and Human Rights in June 2016 (BANI Sovereign). Both BANI went into a dispute. On July 6, 2017, the State Administrative Court (PTUN) in Jakarta decided to side with BANI Mampang and revoked the decision of the Minister of Law and Human Rights. BANI Sovereign appealed. Further complicating the matter, the South Jakarta District Court decided in favor of BANI Sovereign, despite the PTUN’s verdict.

The trial of businessman Basuki Hariman and his secretary Ng Fenny—the two suspected bribers in the graft case involving the former Constitutional Court (MK) Justice Patrialis Akbar—is over. On August 28, 2017, the Panel of Judges found the two individuals guilty, though they did not agree with the charges demanded by the prosecutors.

The Corruption Eradication Commission (KPK) has named Antonius Tonny Budiono, director general of sea transportation at ministry of transportation, and Adiputra Kurniawan, commissioner of PT Adhiguna Keruktama (AGK), suspects in bribery case. KPK found Rp20 billion of cash and four ATM cards from a search at the home of sea transportation directorate.

Petroselat Ltd, the subsidiary of PT Sugih Energy Tbk (SUGI) was declared bankrupt on July 5, 2017. Though the team of curators in the bankruptcy process have already begun compiling the list of assets to repay the Company’s debts, the Company is still trying to reach a peace agreement with its creditors. This effort, however, will not interrupt the bankruptcy process.

On August 22, 2017, the Corruption Eradication Commission (KPK) named the Registrar of the South Jakarta District Court (PN Jaksel) Tarmizi and the legal counsel of PT Aquamarine Divindo Inspection (ADI) Akhmad Zaini bribery suspects. The two suspects were detained along with three other individuals after the KPK held a Sting Operation (OTT) on August 21, 2017 afternoon—the KPK decided to release the three other individuals. A few hours after the announcement, the KPK named the President Director of ADI Yunus Nafik as the third suspect.